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2015 (10) TMI 1477 - AT - Income TaxAddition on notional rent from farm house - AO made addition considering rent as receipt from “income from house property” - CIT(A) restricted part addition - Held that:- We find that the Assessing Officer while fixing the notional rent value at ₹ 2.5 lakhs per month from the Farm House has not given the basis for arriving at the figure. Though, he stated that it is on the basis of the enquiry got conducted by the Inspector of the Ward. The Report of the Inspector was not put to the assessee for his rebuttal. The value of ₹ 75,000/- per month as fixed by the Ld. CIT(A) is based on the ALV fixed by the Municipal Corporation as on 1.12.2005, which is very much reasonable and justified. Therefore, we are of the view that the Ld. CIT(A) was justified in estimating the notional rent of ₹ 75,000/- per month of the aforesaid Farm House, which is based on the ALV fixed by the Municipal Corporation. - Decided against revenue. Admission of additional evidence - Held that:- Additional evidences have been admitted by the Ld. CIT(A) in the interest of natural justice and equity. The additional evidences admitted on record is nothing, but the ALV fixed by the Municipal Corporation, which is an accurate valuation fixed by the Joint Assessor and Collector of MCD, Delhi. After admitting the additional evidences, the Ld. CIT(A) had called for the Remand Report from the AO. The AO in his Remand Report has not per se faulted the ALV fixed by the Municipal Corporation, therefore, we see no reason to interfere with the Order of the Ld. CIT(A) in admitting the additional evidences.- Decided against revenue.
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